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I am flying in to Sydney this morning with 5 family members. We are only going to have hand luggage. Ive read somewhere on here before that there is a train station in walking distance from the airport that you can avoid paying the airport toll at. If this is correct what is the name of this station so I can google map it?

The sydney airport train is privately run...not the public transport system. Its quite expense...last time I was in sydney it was over $30 so I gave it a miss...my friend and I got a taxi instead....perhaps a mini van taxi would be a more economic move for your group.

Technically the train stations on the line are privately run, but serviced by the normal PT system. The high ticket price is due to a station access fee. If you have tight timeframes the train is reliable and not affected by traffic.

To get to the CBD, a taxi is often cheaper for two people, and definitely cheaper for more than two. For 5 people the taxi rank attendant s will be able to direct you to a "maxi-taxi", but even splitting the 5 people across two normal taxis is likely to be cheaper than the train.